Eagle Property Capital Secures $100 Million Acquisition Loan With Fannie Mae For Multifamily Assets
5820 Nature View Drive & 5953 Curry Ford Road
$100,000,000
$77,881/SF
Building Size
1,284 SF
Asset Type
MultiFamily
Closing
Oct 31, 2024
AI
The transaction involves multifamily assets located at 5820 Nature View Drive and 5953 Curry Ford Road, situated in the Windermere and Orlando markets. The properties comprise a total of 642 units with a loan amount of $100,000,000 processed through Fannie Mae. The loan includes a seven-year fixed-rate acquisition element for Windermere and a five-year fixed-rate refinancing component for Sunset Place.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Locations: 5820 Nature View Drive, Windermere; 5953 Curry Ford Road, Orlando
- Asset Units: 642
- Lender: Fannie Mae
- Landlord: Eagle Property Capital
- Loan Type: Acquisition/Refinance
- Loan Terms: Seven-year fixed-rate for Windermere, five-year fixed-rate refinancing for Sunset Place
The brokers involved in this transaction are Mitch Sinberg, Brad Williamson, Matthew Robbins, Scott Wadler, and Abigail Beauchamp, all affiliated with Berkadia. This team facilitated the acquisition and refinancing processes, representing Eagle Property Capital in securing the necessary financing for the properties.
Players
Windermere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93